What's the spec for gp 3 ?
Combinables Price Tracker
- Thread starter Jerry
- Start date
What's the spec for gp 3 ?
Grain Buyer
Member
- Location
- Omnipresent
bobk, you want to be working on a 74/180/10.7 for your western markets. worth around £112 at the mo.
- Location
- West Suffolk
. € is 0.7773 for the SFP exchange rate - lowest since 2007.
Just waiting for the next bearish USDA report.
I was relying on that SFP cheque to pay off the Fendt
- Location
- Shropshire
Don't worry, with the way the exchange rate is going, if you wait another 6 months then they should be 40% cheaper!I was relying on that SFP cheque to pay off the Fendt
- Location
- West Suffolk
Yes but I bet Fendt UK bought their euros when it was at it's highest,that's what they'll say if you go looking for a bargain!
- Location
- Shropshire
Wh
I once dealt with a feed merchant who told me (as the grain price crashed a few years ago) that they take a long time to put up prices and a long time to reduce them. Utter rubbish! All these suppliers put the price up immediately, then don't put them down until the bank demands it.didn't buy anymore feed off him, I bought in barley and mixed it myself instead.
All these inputs should be cheaper, and the importers know it.
I'm sure they will say that but Who gives a Sh!t about when they bought their Euros. They bought them at the time to insure against future changes.
I once dealt with a feed merchant who told me (as the grain price crashed a few years ago) that they take a long time to put up prices and a long time to reduce them. Utter rubbish! All these suppliers put the price up immediately, then don't put them down until the bank demands it.didn't buy anymore feed off him, I bought in barley and mixed it myself instead.
All these inputs should be cheaper, and the importers know it.
Steevo
Member
- Location
- Gloucestershire
The fact is that to get your business they need to be competitive. If they feel they don't need to lower their price to do that, they will stick. But if others have bought cheaper, and are able to do the business at a lower price then that may encourage others do to likewise for fear of losing trade.
Baling Hay
Member
Slight pick up in prices in last few days.
- Location
- Lincs / Notts
Oilseed rape £238 ex farm today(october) which is slightly better than been just recently. Feed Wheat £113 for Jan ex farm. Do we wait for more?
Small rallies like this are a sell. Still a massive soya & maize crop to be shipped from the US which will keep a lid on major gains. There's the small matter of huge stocks in the major exporters too so we won't be seeing £150/t for feed wheat this side of 2015 without a major crisis. All IMHO of course.
shakerator
Member
- Location
- LINCS
Yes.
Just to provide a bit of balance to @Brisel 's very valid points
http://m.agrimoney.com/news/world-wheat-supplies-tighter-than-they-look--7559.html
Grain Buyer
Member
- Location
- Omnipresent
David, that is already factored in.....the Canadian crop was never going to be good. This is old news and won't drive the market.
7800
Member
- Location
- cambridgeshire
So is 110 feed wheat a sell? Sad I know
What about osr can we see some light at end of tunnel ?
What about osr can we see some light at end of tunnel ?
The article suggests support for milling wheat, not feed. US farmers are holding farm stocks back like we are - this will have to come to market at some point, just as big fund short positions will have to be bought back. When will the prices bottom out? Not until the northern hemisphere maize harvest is properly assessed IMO. Later this month perhaps?